The company was founded in 1995 and is a high-tech enterprise supported by the state and a national innovative enterprise. Listed on A-shares on the Shenzhen Stock Exchange in 2010. Xinshida is a member of the National Robotics Standardization General Group, a member of the National Elevator Standardization Technical Committee, the Vice Chairman of the China Robotics Industry Alliance, the Vice Chairman of the Shanghai Robotics Industry Association, and the Vice Chairman of the Shanghai Intelligent Manufacturing Industry Association. The company's main business is divided into: elevator control products and systems business, robot products and systems business, and control and drive products and systems business. Corporate honors: “R&D and application of key technologies for high-performance robot special servo systems” won the third prize for science and technology in Shanghai in 2018; the “SA1400 robot first breakthrough” project won the first breakthrough special honor for high-end intelligent equipment in Shanghai; the multi-model floor flexible welding production line won the first breakthrough project for high-end intelligent equipment in Shanghai, a “specialized and new” enterprise in Shanghai, a “specialized and new” enterprise, a national “specialized, special and new” small giant, and the “special and new” small giant in Shanghai “Excellent and new” corporate honors, etc.